The global cosmetic packaging market size was US$ 34.3 billion in 2021. The global cosmetic packaging market size is forecast to reach US$ 55.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030.
Cosmetic packaging helps to protect products as well as brand them. It prevents the products from damage caused by handling and transit. Tubes, pouches, jars, bags, cans, and other containers are used in the packing. Plastic, paper, metal, and glass are used to make packaging materials. The purpose of packaging is to protect the cosmetic product from dust, filth, moisture, heat, cold, and sunshine. It is often used in the packaging of many cosmetic goods, including perfumes, lipsticks, and eyeliner, among others.
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Factors Influencing Market Growth
Transforming the packaging style, creative package designs, and growing demand for cosmetics owing to the increasing youth population drive the global market.
Due to rising internet usage, businesses have turned to online platforms for their sales. As a result, increasing the need for overall cosmetic products, thereby fueling the global market growth.
Limitations imposed by the government on using some ingredients and the adoption of medical assistance in beauty treatment may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global cosmetic packaging market. Several governments imposed a lockdown in order to curb the spread of the deadly virus. As a result, many cosmetic packaging manufacturers in China, the U.S., and India had to stop their operations. This negatively affected the sales of cosmetic packaging manufacturing companies. However, the demand for organic cosmetics rose due to the increasing health concerns, which augmented the online sales of cosmetic products. As a result, companies manufacturing packaging products reassemble their capability, thereby having positive sales.
Regional Insights
The Asia Pacific region held dominance in the cosmetic packaging market and is forecast to remain dominant during the forecast period. As a result of the growing usage of cosmetic packaging for skincare cosmetic products. Advances in printing technology have improved the cosmetic packaging appearance, thereby growing their desirability. Thus, this factor is augmenting the demand for cosmetic products. Packages made of plastic are widely used for cosmetics, as they are durable, easy to manufacture, and can take any shape. In addition, the development of environment-friendly packaging is helping manufacturers to move toward a sustainable future.
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Leading Competitors
The leading prominent companies profiled in the global cosmetic packaging market are:
Anji Tianzhen Bamboo Flooring Co. Limited
BambooVision
Bamboo Australia
Bamboo Village Company Limited
Dasso Group
EcoPlanet Bamboo
Kerala State Bamboo Corporation Limited
Moso International BV
Simply Bamboo Pty Limited
Smith & Fong Company
Other Prominent Players
Scope of the Report
The global cosmetic packaging market segmentation focuses on Material Type, Packaging Type, Application, and Region.
Segmentation based on Material Type
Glass
Paper Based
Plastic
Metal
Segmentation based on Packaging Type
Tubes
Bottles
Dispensers
Other
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Segmentation based on Application
Oral Care
Skin Care
Hair Care
Makeup
Perfume
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Highlight the Following Key Factors:
- Business Description: a particular description of agency operations and enterprise departments.
- Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
- SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The development of predominant occasions associated to the company.
- Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
- Main Competitors: A listing of the company’s fundamental competitors.
- Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
- Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
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